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22 Aug 2002
For the period April to June 2002, only 44 venture capital deals worth £208m took place compared to 99 deals valued at £306m for the same period last year, according to research by Ernst & Young and VentureOne.
In total the UK market accounted for 30% of all deals across Europe, which saw 259 deals worth £1.87bn, a 5% decline on the first quarter of the year. Only France bucked the trend, registering a 24% increase in investment.
Stuart Watson, head of E&Y's venture capital advisory group told the FT: 'There is a very clear move away from early stage deals towards the more financially robust and more proven businesses in later stage deals. It is this move that is holding up average deal sizes, which are remaining more or less steady.'
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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